UK casino operator Rank Group's FY profit falls 40 pct, revenue slips

Guoco

16/08/2018 05:57

Aug 16 (Reuters) - British bingo and casino operator Rank
Group's  RNK.L  full-year pre-tax profit fell more than 40
percent, its Hong Kong-listed owner Guoco Group Ltd  0053.HK 
said in a statement on Thursday.
    Rank Group's full-year revenue fell 2.2 percent to 691
million pounds ($878.7 million). 
    The company had issued a profit warning in April as it was
hurt by lower footfall at its casinos and bingo halls as Britons
tightened their purse strings amid a dull consumer environment.

($1 = 0.7863 pounds)

 (Reporting by Sangameswaran S in Bengaluru; Editing by Amrutha
Gayathri)
 ((Sangameswaran.S@thomsonreuters.com; within U.K +44 020 7542
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